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Updated over 17 years ago on . Most recent reply

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452
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Matt H
18
Votes |
452
Posts

What do you do after you got enough property?

Matt H
Posted

I have a question... What do you do after you got enough property?

Most Popular Reply

User Stats

339
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51
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Jeff Takle
  • Real Estate Consultant
  • Somerville, MA
51
Votes |
339
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Jeff Takle
  • Real Estate Consultant
  • Somerville, MA
Replied

Here's some boring, practical advice...put some of it away so that you don't end up being stupid and losing it all.

A lot of pro athletes and others who end up with a lot of money at a relatively early age don't do proper planning. As Warren Buffet says: stocks, bonds, cash, and real estate. Have a little of each. Put some away for 10 years from now, some for 20, and some for 30+. Once you have that network taken care of you might consider:

-taking care of any family members who need help. Not handouts, but intelligent, collaborative deals that empower them to move forward in life

-creating a scholarship fund to help kids get to college

-funding a local civic center, cancer research institute, Walk for Hunger, or whatever tickles your fancy

-tithing to your church

Life has been good to me, too, and I certainly spent a lot of time pursuing skydiving and such. I've hiked the Himalayas and dove the Great Barrier Reef and a lot of great stuff in between so I understand how you feel. I felt the same way. But after the dust settled, I found that I got the most satisfaction out of using my resources and energy helping others to achieve similar or greater heights in their lives.

Just a thought.
Jeff :D

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